Core Viewpoint - Yuegangwan Holdings (01396.HK) is actively raising funds to support its AI computing power cloud service projects, with recent capital raises totaling approximately 1.22 billion HKD and 1.08 billion HKD aimed primarily at this initiative [1][5]. Group 1: Fundraising Activities - On February 3, 2026, Yuegangwan Holdings announced a share placement of approximately 20.31 million shares at a subscription price of 6 HKD per share, representing an 8.4% discount to the closing price [1][3]. - The net proceeds from this fundraising are approximately 1.22 billion HKD, with about 90% allocated for potential AI computing power cloud service projects [1][3]. - Prior to this, the company had completed a significant capital raise in December 2025, where about 70% of the funds were also earmarked for AI computing power cloud service projects [3]. Group 2: Strategic Acquisitions - In October 2025, Yuegangwan Holdings completed the acquisition of Shenzhen Tiandun Data Technology Co., which is the core operational entity for its AI computing power business [1][2]. - Following the acquisition, the company has been focusing on integrating its operations and expanding its AI capabilities, despite facing challenges in market competition and funding requirements [2][6]. Group 3: Financial Restructuring - In mid-2025, Yuegangwan Holdings successfully restructured its offshore USD debt, significantly reducing its debt ratio from 45.3% to 7.2% [2]. - The company reported a turnaround in its financial performance, with a net profit of approximately 9.52 billion RMB in the first half of 2025, compared to a loss of about 10.28 billion RMB in the same period of 2024 [5]. Group 4: Strategic Partnerships - In January 2026, Yuegangwan Holdings entered into an investment agreement with Hongyi Zhican Data Management, which involved a conditional agreement for the latter to acquire 40% of Hongce Data for 800 million RMB [7]. - This partnership is seen as a strategic move to align with national AI development strategies and enhance the company's capabilities in AI infrastructure [7][8]. Group 5: Performance Commitments - The investment agreement includes performance commitments, where Hongce Data must meet specific revenue and cash flow targets to avoid share buyback obligations by the investors [8]. - The first phase requires Hongce Data to achieve a revenue of at least 3 billion RMB within 11 months, with further targets set for subsequent phases [8].

Core Viewpoint - Yue Gang Wan Holdings (01396) announced the granting of share awards under its share award plan, which includes 2.1 million shares to certain employee participants and 5.1609 million shares to certain service providers, representing approximately 0.63% of the total issued shares as of the announcement date [1] Group 1 - The company granted a total of 7.2609 million shares as part of its share award plan [1] - The share awards are divided between employee participants and service providers [1] - The awarded shares constitute 0.63% of the company's total issued shares [1]

Core Viewpoint - The company announced the granting of reward shares under its share award plan, which includes 2.1 million shares to employee participants and 5.1609 million shares to service providers, representing approximately 0.63% of the total issued shares as of the announcement date [1] Group 1 - The company will grant a total of 7.2609 million reward shares [1] - The distribution includes 2.1 million shares for employees and 5.1609 million shares for service providers [1] - The reward shares account for about 0.63% of the total issued shares [1]

Core Viewpoint - Yue Gang Wan Holdings (01396.HK) announced the grant of incentive shares under its share award plan, subject to acceptance by the grantees [1] Group 1 - The company will grant a total of 2.1 million incentive shares to certain employee participants [1] - Additionally, 5.1609 million incentive shares will be granted to certain service providers [1] - The total number of incentive shares represents approximately 0.63% of the total issued shares as of the announcement date [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概 不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本 公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔 任何責任。 GUANGDONG - HONG KONG GREATER BAY AREA HOLDINGS LIMITED 粵港灣控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1396） 根據股份獎勵計劃 授出獎勵股份 根 據 股 份 獎 勵 計 劃 授 出 獎 勵 股 份 茲 提 述 本 公 司 日 期 為 2025 年 12 月 8 日 之 公 告 ，2026 年 1 月 7 日 之 通 函 ，及 2026 年 1 月 22 日 之 投 票 表 決 結 果 公 告 ，內 容 有 關（ 其 中 包 括 ） 採 納 股 份 獎 勵 計 劃 。 根 據 上 市 規 則 第 17.06A、 17.06B 及 17.06C 條 ， 董 事 會 欣 然 宣 佈 ， 於 2026 年 2 月 4 日 ，本 公 司 依 據 股 份 獎 勵 計 劃 的 條 款（ 須 待 承 授 人 接 納 ） 授 出 獎 勵 股 ...

Core Viewpoint - The company, Guangdong-Hong Kong Bay Holdings, is actively increasing its investment in AI computing power services, indicating a strong commitment to transforming its business model and positioning itself for future growth in the AI sector [1][2][3] Group 1: Financing and Share Issuance - On February 3, the company announced a subscription agreement to issue 20.31 million shares at a price of HKD 6 per share, representing an approximately 8.40% discount to the market price of HKD 6.55 at the time of the agreement [1] - The total amount raised from this issuance is expected to be approximately HKD 121.9 million [1] - Two subscribers were involved, with Subscriber A, a long-term investor, increasing its stake to 4.72% after subscribing for 15 million shares, while Subscriber B, an independent third party, will hold 0.43% after subscribing for 5 million shares [1] Group 2: Strategic Focus on AI Computing Power - The company plans to allocate approximately 90% of the net proceeds from the current share issuance to potential AI computing power service projects, reinforcing its commitment to the AI sector [1][2] - The company has previously indicated that around 70% of the net proceeds from a prior issuance were intended for AI computing power cloud service projects, highlighting a consistent strategy [2] Group 3: Business Growth and Market Position - Tian Dun Data, the core operational entity for the company's AI computing power business, has accumulated nearly 200 enterprise clients, including major cloud service providers and leading AI companies [3] - Revenue for Tian Dun Data is projected to grow from HKD 50 million in 2022 to HKD 230 million in 2024, reflecting a compound annual growth rate of 114.5% [3] - The company is expected to benefit from its ongoing high investment in AI computing power, positioning itself for significant growth and transformation in its business fundamentals [3]

Core Viewpoint - The company is actively increasing its investment in AI computing power services, indicating a strong commitment to transforming its business model and positioning itself for future growth in the AI sector [1][2][3] Group 1: Financing and Share Issuance - On February 3, the company announced a subscription agreement to issue 20.31 million shares at a subscription price of HKD 6 per share, representing an approximately 8.40% discount to the closing price of HKD 6.55 on the agreement date, raising approximately HKD 121.9 million [1] - The issuance includes two subscribers, with Subscriber A, a significant early investor, increasing its stake to 4.72% by subscribing for 15 million shares, while Subscriber B, an independent third party, will hold 0.43% after subscribing for 5 million shares [1] - Both subscribers have committed to a six-month lock-up period, reflecting confidence in the company's future [2] Group 2: Strategic Focus on AI Computing Power - The company plans to allocate approximately 90% of the net proceeds from this issuance to potential AI computing power service projects, reinforcing its commitment to the AI sector [1] - The company has previously engaged with state-owned enterprises, securing an investment of HKD 800 million from Fuyuan State Capital, which will enhance its credibility and financial support for AI computing projects [2] - The company aims to leverage state resources to secure more government and central enterprise orders, solidifying its "new infrastructure + AI" dual-driven strategy [2] Group 3: Business Growth and Performance - Tiandun Data, the core operational entity for the company's AI computing power business, has accumulated nearly 200 enterprise clients, including major cloud service providers and leading AI companies [3] - Revenue for Tiandun Data is projected to grow from HKD 50 million in 2022 to HKD 230 million in 2024, reflecting a compound annual growth rate of 114.5% [3] - The company currently operates nearly 40,000 P of computing power with a 95% rack utilization rate and has technology service orders amounting to HKD 15 billion [3]

Core Viewpoint - Yuegangwan Holdings (01396) is experiencing a stock price increase of over 4%, currently trading at 6.8 HKD with a transaction volume of 10.6023 million HKD. The company announced a plan to issue approximately 20.311 million subscription shares at a discount of about 8.40%, aiming to raise approximately 121.6 million HKD for general operational funds, with 90% allocated to potential AI computing power cloud service projects and 10% for daily operational expenses [1]. Group 1 - The company plans to issue shares at a discount of approximately 8.40% to raise about 121.6 million HKD [1]. - Approximately 90% of the net proceeds from the share issuance will be used for potential AI computing power cloud service projects [1]. - The remaining 10% of the funds will be allocated for daily operational expenses [1]. Group 2 - Recently, the company announced that a subsidiary of the Shenzhen Futian District State-owned Assets Supervision and Administration Commission, Futian Capital, will invest 800 million RMB in the company's subsidiary, Tiandun Data, acquiring a 40% stake [1]. - The investment will be specifically used for the company's computing power network layout in the Guangdong-Hong Kong-Macao Greater Bay Area [1]. - Tiandun Data is recognized as one of the top-tier intelligent computing operators in China, possessing rare capabilities and practical experience in building and operating high-performance computing clusters [1].

Group 1 - The core viewpoint of the article highlights that Guangdong-Hong Kong Bay Holdings (01396) has seen a stock price increase of over 4%, currently trading at 6.8 HKD with a transaction volume of 10.6023 million HKD [1] - The company plans to issue a total of 20.311 million subscription shares at a discount of approximately 8.40%, aiming to raise about 121.6 million HKD for general operational funds [1] - Approximately 90% of the net proceeds from the subscription will be allocated to potential AI computing power cloud service projects, while about 10% will be used for daily operational expenses [1] Group 2 - Recently, the company announced that a subsidiary of the Shenzhen Futian District State-owned Assets Supervision and Administration Commission has invested 800 million RMB in the company's subsidiary, Tiandun Data, acquiring a 40% stake [1] - The investment will specifically support the company's computing power network layout in the Guangdong-Hong Kong-Macao Greater Bay Area [1] - Tiandun Data is recognized as one of the top-tier intelligent computing operators in China, possessing rare capabilities and practical experience in building and operating high-performance computing clusters to meet the training needs of large models with hundreds of billions of parameters [1]

Core Viewpoint - The company, Yue Gang Wan Holdings (01396), has entered into a subscription agreement to issue a total of 20.31 million subscription shares, representing approximately 1.78% of the total issued share capital as of the announcement date [1] Group 1: Subscription Details - The subscription price for each share is HKD 6.00, which reflects an approximate discount of 8.40% compared to the closing price of HKD 6.55 on the date of the agreement [1] - The total amount raised from the subscription is expected to be approximately HKD 121.9 million, with a net amount of about HKD 121.6 million after deducting expenses related to the subscription [1] - The net issue price per subscription share is approximately HKD 5.99 [1] Group 2: Use of Proceeds - The board plans to allocate approximately 90% of the net proceeds from the subscription for potential AI computing power cloud service projects [1] - About 10% of the net proceeds will be used for general operating expenses [1]